Town Sports International Holdings, Inc. (TSI Holdings) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States and a fitness club owner and operator in the United States in each case based on the number of clubs. The Company operates 162 fitness clubs under its four regional brand names; New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC) and Washington Sports Clubs (WSC). It owns and operates a total of 108 clubs under the New York Sports Clubs brand name, including 37 locations in Manhattan where it is a fitness club owner and operator. The Company owned and operated 29 clubs in the Boston region under its Boston Sports Clubs brand name, 16 clubs (two of which are partly-owned) in the Washington, D.C. region under its Washington Sports Clubs brand name and six clubs in the Philadelphia region under its Philadelphia Sports Clubs brand name. The Company owns and operates three clubs in Switzerland.